Who is the Regulatory body for commodities trading?
The Forward Markets Commission (FMC) is the regulatory body for commodity futures/forward trade in India. The commission was set up under the Forward Contracts (Regulation) Act of 1952. The Commission is responsible for regulating and promoting futures / forward trade in commodities. To visit their website click here www.fmc.gov.in The Commission has its HQ at Mumbai while it has its regional in Kolkata. The address of the same is as follows :- Forward Markets Commission,(Ministry of Consumer Affairs, Food and Public Distribution) (Department of Consumer Affairs), “Everest”, 3rd floor, 100, Marine Drive, Mumbai – 400 002. Commodity Exchanges in India : The existing Commodity Exchanges operated in India have at best managed to create liquidity primarily in one commodity. The main reason for this was the absence of a nationwide reach and access to multiple commodities. The Government of India, therefore, decided to establish Nationwide Multi Commodity Exchanges (NMCEs) in order to addres
